Natixis Acquires Shares of 166,292 LKQ Co. (NASDAQ:LKQ)

Natixis acquired a new stake in LKQ Co. (NASDAQ:LKQ) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 166,292 shares of the auto parts company’s stock, valued at approximately $4,425,000. Natixis owned approximately 0.05% of LKQ at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LKQ. Oakworth Capital Inc. purchased a new position in LKQ in the 2nd quarter valued at $26,000. Icon Wealth Partners LLC acquired a new stake in shares of LKQ in the 1st quarter worth $31,000. Optimum Investment Advisors lifted its stake in shares of LKQ by 211.1% in the 2nd quarter. Optimum Investment Advisors now owns 1,400 shares of the auto parts company’s stock worth $37,000 after acquiring an additional 950 shares during the period. Amica Retiree Medical Trust acquired a new stake in shares of LKQ in the 2nd quarter worth $38,000. Finally, Investors Research Corp lifted its stake in shares of LKQ by 33.3% in the 2nd quarter. Investors Research Corp now owns 1,600 shares of the auto parts company’s stock worth $43,000 after acquiring an additional 400 shares during the period. Institutional investors own 91.77% of the company’s stock.

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Shares of NASDAQ LKQ traded up $0.16 during midday trading on Friday, hitting $32.71. The company had a trading volume of 143,338 shares, compared to its average volume of 2,458,762. The company has a quick ratio of 0.94, a current ratio of 2.20 and a debt-to-equity ratio of 1.03. LKQ Co. has a twelve month low of $22.74 and a twelve month high of $33.22. The business has a 50-day simple moving average of $26.19 and a two-hundred day simple moving average of $27.32. The firm has a market capitalization of $8.83 billion, a price-to-earnings ratio of 15.02, a price-to-earnings-growth ratio of 0.88 and a beta of 1.31.

LKQ (NASDAQ:LKQ) last announced its quarterly earnings data on Thursday, July 25th. The auto parts company reported $0.65 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.01. LKQ had a net margin of 3.36% and a return on equity of 14.54%. The firm had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.28 billion. During the same quarter last year, the business earned $0.61 earnings per share. The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities analysts forecast that LKQ Co. will post 2.33 EPS for the current year.

In related news, EVP John S. Quinn sold 10,721 shares of the firm’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.04, for a total value of $289,895.84. Following the completion of the sale, the executive vice president now owns 254,674 shares in the company, valued at $6,886,384.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.71% of the stock is owned by company insiders.

Several analysts have recently commented on the stock. Barrington Research set a $43.00 target price on shares of LKQ and gave the stock a “buy” rating in a research note on Tuesday. Raymond James cut shares of LKQ from an “outperform” rating to a “market perform” rating in a research note on Friday, July 26th. Wellington Shields cut shares of LKQ from a “buy” rating to a “gradually accumulate” rating in a research note on Thursday, July 25th. ValuEngine upgraded shares of LKQ from a “sell” rating to a “hold” rating in a research note on Thursday. Finally, BidaskClub upgraded shares of LKQ from a “sell” rating to a “hold” rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $34.50.

About LKQ

LKQ Corporation, together with its subsidiaries, distributes replacement parts, components, and systems used in the repair and maintenance of vehicles. It operates in four segments: Wholesale – North America, Europe, Specialty, and Self Service. The company distributes bumper covers, automotive body panels, and lights, as well as automotive glass products, such as windshields; salvage products, including mechanical and collision parts comprising engines; transmissions; door assemblies; sheet metal products, such as trunk lids, fenders, and hoods; lights and bumper assemblies; scrap metal and other materials to metals recyclers; and brake pads, discs and sensors, clutches, steering and suspension products, filters, and oil and automotive fluids, as well as electrical products, including spark plugs and batteries.